Malta released 3rd annual report on the Malta Individual Investor Program (IIP), which is also known as Malta Citizenship by Investment program.
As per the statistics, Malta received
- €249,328,799 the National Development and Social Fund until 30th June 2017, since launching the IIP programme
- €85,873,164.71 invested in Government stocks since the launch of Malta IIP
- 566 successful main applicants up till the end of June 2017 since the launch
- 18% is the overall application refusal rate since the launch
During the period of Jun 2016 to Jul 2017
- 422 Applications were approved in one year
- 386 applications included a total of 1409 dependent persons (294 spouses, 487 minor dependents and 242 adult dependants) between Jul 2016 and Jun 2017 .
- 44.6% of IIP applications originated from Europe, 21.5% from Asia and 13.5% from the Middle East
- 377 Malta IIP applications received during Jun 2016 to Jul 2017.
The IIP Regulations oblige the main applicant to invest in a residential immovable property in Malta, either by acquiring and holding one having a minimum value of three hundred and fifty thousand euro (€350,000) or by taking one on lease for a minimum annual rent of sixteen thousand euro (€16,000).
As with the property investment, as of 30 Jun 2017,
- 80 Applicants purchased property for Maltese citizenship under IIP since the launch
- 483 Applicants rented/leased a property under IIP since the launch
- St Julians, Sliema, Valletta, Mellieha are the most popular areas for property investment.
